Tata Power posts 11% increase in Apr-Jun net profit

Tata Power today reported 11% rise in net profit at Rs 312.30 crore for the quarter ended June 30, 2012.

The company had posted a net profit of Rs 281.56 crore in the same period of the last financial year.

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Total income of the company rose 19% to Rs 2284.10 crore compared to Rs 1,921.24 crore in the same period of the previous fiscal, Tata Power said in a regulatory filing.

Tata Power plans to venture into international markets that offer a greater potential for growth. It is actively pursuing opportunities in other countries and hopes to increase its global footprint in the coming years.

The company has completed construction of the second 800 MW unit of its flagship Mundra ultra mega project in Gujarat, taking the company's overall capacity to over 6,000 MW.

The first unit of Mundra UMPP, which is fired by imported coal from Indonesia, was commissioned in March this year.

Shares of the company closed at Rs 98.05, down 0.66 per cent on the BSE.